@article {7599,
	title = {Subjective Health Assessments And Active Labor Market Participation Of Older Men: Evidence From A Semiparametric Binary Choice Model With Nonadditive Correlated Individual-Specific Effects},
	journal = {The Review of Economics and Statistics},
	volume = {93},
	year = {2011},
	pages = {764-774},
	publisher = {93},
	abstract = {We use panel data from the U.S. Health and Retirement Study, 1992-2002, to estimate the effect of self-assessed health limitations on the active labor market participation of older men. Self-assessments of health are likely to be endogenous to labor supply due to justification bias and individual-specific heterogeneity in subjective evaluations. We address both concerns. We propose a semiparametric binary choice procedure that incorporates nonadditive correlated individual-specific effects. Our estimation strategy identifies and estimates the average partial effects of health and functioning on labor market participation. The results indicate that poor health plays a major role in labor market exit decisions.  PUBLICATION ABSTRACT},
	keywords = {Demographics, Employment and Labor Force, Health Conditions and Status, Methodology, Other},
	doi = {https://doi.org/10.1162/REST_a_00097},
	author = {J{\"u}rgen Maurer and Roger Klein and Francis Vella}
}
